B A C definition

B A C. K G R O U N D:
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B A C. K G R O U N D A. Subsidiary is a wholly owned subsidiary of Parent.
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B A C. K G R O U N D : The Borrower is or is about to become the owner of 24.9 acres with improvements located on the south side of Poplar Street in Penn Township, York County, Pennsylvania (the "Real Property"). Borrower desires to borrow from the Bank and the Bank, subject to the terms and conditions set forth herein, is prepared to lend to Borrower up to Five Million Three Hundred Twenty Thousand Dollars ($5,320,000) to purchase the Real Property and to renovate the existing building (the "Improvements") on the Real Property.
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Examples of B A C in a sentence

  • A great deal of legislation from the municipal to federal level followed—The Great Lakes Water Quality Agreement, The US Clean Water Act (CWA), and a set of local laws that tackled the detergent industries dumping phosphate waste into the lake.

  • Illustration 1: Solely for the purposes of reference of the Bidders, the methodology of determination of Qualified Bidders is illustrated below:(i) In case 10 Bids are received which are referred to as bid A to J and no two Initial Offers are identical.Then, Step 1 – Ranking: Upon ranking them in descending order of Initial Offers, the Technically Qualified Bidders would be ranked in the following manner: I, D, B, A, C, F, E, G, J, and H [i.e. I being the highest Initial Offer and H being the lowest].

  • Since the remaining number of Qualified Bidders is less than 3, no elimination of Technically Qualified Bidders shall take place.The Qualified Bidders shall be I, D, B, A, C, F, E, G, J, and H.(iii) In case that instead of 10 Bids only 2 Bids are received, then both the Technically Qualified Bidders shall be Qualified Bidders.

  • Bone mineral density in patients with rheumatoid arthritis treated with infliximabM Vis, A E Voskuyl, G J Wolbink, B A C Dijkmans, W F Lems for the OSTRA study group...............................................................

  • C R I M I N A L B A C K G R O U N D C H E C K A criminal background check is required by the USC DPT Program.

  • A B A C U S At this stage of the regulatory process, only the Christian Democrats made remarks regarding financial conglomerates.

  • TheA B A C U S Christian Democrats concluded that ING was again the obstructing party in the failure to reach an agreement.12 According to the Christian Democrats, ING had consider- able influence on the employers’ delegation in the Council on Annual Reporting, as it was a large contributor to the funds of the Employers Association, the Federation of Dutch Industries (VNO).

  • With offices spread across India and in select locations of the world, the bank aspires to boost the businesses of industries and SMEs. B A C K G R O U N D A N D P U R P O S E O F T H E P R O J E C T M/s EXIM BANK having Head Office at Mumbai and 09 domestic regional offices across India.

  • A B A C U S conglomerates with equal shares of banking and insurance activities were those formulated in the fourth and seventh EC directives.

  • B A C K T O C O NTE NT S KeytermsAbout some of theterms we use in this document.


More Definitions of B A C

B A C. K G R O U N D: Until May 6, 1997, Levy served as Chairman of the Board, President and Chief Executive Officer of the Company and as an executive officer or director of certain of the Company's subsidiaries. As of May 6, 1997, Levy resigned as President and Chief Executive Officer of the Company. Levy wishes to resign from all of his positions as an officer and director of the Company and as an officer or director of any of its subsidiaries. The Company and Levy are parties to an Employment Agreement dated as of August 31, 1993 (the "Prior Agreement") pursuant to which Levy has been employed by the Company. In order to ensure that the Company will continue to have the benefits of Levy's expertise and experience, and in recognition of Levy's past services to the Company, the Company desires to engage Levy as a consultant, and Levy desires to become a consultant to the Company, upon the terms and conditions set forth herein. Accordingly, this Agreement is intended to replace the Prior Agreement, and as of the date hereof, the Prior Agreement shall be of no further force or effect.
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Related to B A C

  • Class A-4 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-4 Rate and (B) the outstanding principal balance of the Class A-4 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-4 Notes on or before such preceding Distribution Date).

  • Class A-2 Monthly Interest means (i) for the initial Distribution Date, $321,750.00, and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-2 Rate and (B) the outstanding principal balance of the Class A-2 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-2 Notes on or before such preceding Distribution Date).

  • Class B Monthly Interest shall have the meaning specified in subsection 4.02(b).

  • Class A-3 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-3 Rate and (B) the outstanding principal balance of the Class A-3 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-3 Notes on or before such preceding Distribution Date).

  • Class A Monthly Interest shall have the meaning specified in subsection 4.02(a).

  • Class A-1 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, the product of (A) the actual number of days elapsed during the period from and including the preceding Distribution Date to but excluding such Distribution Date divided by 360, (B) the Class A-1 Rate and (C) the outstanding principal balance of the Class A-1 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-1 Notes on or before such preceding Distribution Date).

  • Initial Class A-3 Note Balance means $380,000,000.

  • Class A-2-A Notes has the meaning assigned to such term in the Indenture.

  • Initial Class A-4 Note Balance means $125,000,000.

  • Class A-3 Note Balance means, at any time, the Initial Class A-3 Note Balance reduced by all payments of principal made prior to such time on the Class A-3 Notes.

  • Class X-A Components The Class A-1 Component, Class A-2 Component, Class A-3 Component, Class A-4 Component, Class A-AB Component and Class A-S Component, each of which constitutes a separate class of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to its Class X Strip Rate from time to time and a notional amount equal to its Component Notional Amount from time to time.

  • Class A-3 Final Scheduled Distribution Date means January 15, 2021.

  • Class A-4 Note Balance means, as of any date, the Initial Class A-4 Note Balance reduced by all payments of principal made on or prior to such date on the Class A-4 Notes.

  • Class A-2 Note Balance means, at any time, the Initial Class A-2 Note Balance reduced by all payments of principal made prior to such time on the Class A-2 Notes.

  • Initial Class A-2 Note Balance means $235,000,000.

  • Class A-4 Final Scheduled Distribution Date means January 17, 2023.

  • Class C Monthly Interest is defined in Section 4.1(c).

  • Class A Note Initial Principal Balance means $750,000,000.

  • Class A-3 Final Scheduled Payment Date means the Payment Date occurring in April 2027.

  • Class A Note Balance means, at any time, the sum of the Class A-1 Note Balance, the Class A-2 Note Balance and the Class A-3 Note Balance at such time.

  • Class A-4 Final Scheduled Payment Date means the June 16, 2025 Payment Date.

  • Class A Note Rate means 2.97% per annum.

  • Class A Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class A Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed or allocated to the class A noteholders or deposited into the accumulation account on that distribution date.

  • Initial Dollar Principal Amount means $1,000,000,000, or such higher amount as is specified in any Notice of Additional Issuance under Section 2.09 hereof.

  • Note Monthly Interest means, for a Class and a Payment Date, the aggregate amount of interest accrued on the Note Balance of the Class at the Note Interest Rate for the Class for the related Interest Period.

  • Monthly Interest means, for any Payment Date, the sum of the Class A Monthly Interest, the Class B Monthly Interest and the Class C Monthly Interest for such Payment Date.